Strive’s SATA to Become the First Daily-Dividend-Paying Listed Security in the U.S., with an Effective Annualized Yield of 13.88%
Source：
www.coindesk.com
According to CoinDesk, Strive announced that its Variable-Rate Series A Perpetual Preferred Stock (SATA) will pay cash dividends every business day starting June 16, becoming the first listed security in U.S. capital markets history to distribute dividends daily. Although the nominal annualized dividend rate remains unchanged at 13%, the high-frequency compounding effect—based on approximately 250 business days per year—elevates the effective annualized yield to roughly 13.88%, a 7.6-basis-point increase over a monthly payout structure.
